Sacco Review - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

MP Buyu proposes microfinance bill to cap interest rates

Sacco ReviewAugust 14, 202605 mins

Rozaah Buyu proposes a bill to protect borrowers from predatory microfinance lending. The bill seeks to cap interest rates and curb unfair debt recovery practices. Non-compliant lenders could face penalties or licence revocation. Kisumu West MP Rozaah Buyu has written to the Speaker of the National Assembly proposing a bill that would tighten protections for…

CS Kagwe orders tea factories to reject poor quality leaf

Sacco ReviewAugust 14, 202606 mins

Agriculture CS Mutahi Kagwe has ordered tea factories to reject poor quality green leaf that does not meet the two leaves and a bud standard. The government has allocated Ksh 7.1 billion to modernise tea factories, with Ksh 44.6 million going to Kapsara Tea Factory for a new withering plant. Kagwe said improving leaf quality,…

Kenya turns to Comesa imports as drought hits maize harvest

Sacco ReviewAugust 14, 202605 mins

Kenya plans to import maize from Comesa countries as drought threatens domestic production. Agriculture CS Mutahi Kagwe said 25 to 30 per cent of the seed crop could be lost, but stocks for the next planting season remain sufficient. The government is developing flexible measures to address climate shocks, while sugar production has doubled, reducing…

Meru coffee farmers appeal for subsidised fertiliser

Sacco ReviewAugust 14, 202605 mins

Meru coffee farmers seek subsidised fertiliser to lower production costs. Union secures Sh150 million through Cooperative Bank to support specialised farm inputs. Farmers urged to resume coffee farming as prices improve and middlemen are phased out. Coffee farmers in Meru County have appealed to the national government to consider supplying them with subsidised fertiliser to…

IG Sacco names Mary Awino acting CEO after Vuhya exit

Sacco ReviewAugust 14, 2026August 14, 202604 mins

Mary Awino appointed acting CEO of IG Sacco from August 2026. She previously served as Finance Manager, improving revenue, costs, liquidity and compliance Invest and Grow (IG) Sacco has appointed Mary Awino as acting Chief Executive Officer (CEO) with effect from August 2026, after Dr CPA Peter A. Vuhya proceeded on terminal leave pending his…

CMA grants Rubiani Capital new investment platform licence

Sacco ReviewAugust 13, 2026August 13, 202603 mins

CMA has licensed Rubiani Capital as an Intermediary Service Platform Provider to offer digital investment services. The platform connects users to regulated capital markets products while licensed institutions handle execution and asset custody. CMA urged investors to use only licensed and approved capital markets intermediaries. Capital Markets Authority (CMA) has granted an Intermediary Service Platform…

Gov’t hands Kapsara Tea Factory Sh44.6m to power modernisation

Sacco ReviewAugust 13, 202603 mins

Kapsara Tea Factory has received a Ksh44.6 million government grant to upgrade processing machinery. The investment aims to improve tea quality, efficiency and value addition for farmers. The grant is part of a wider government programme to modernise tea factories across Kenya. The government has presented a Ksh 44.6 million grant to Kapsara Tea Factory…

Uwezo Fund gives 21 Emgwen groups Sh2.8m to boost SMEs

Sacco ReviewAugust 13, 202605 mins

Twenty one Emgwen groups have received Sh2.8 million from Uwezo Fund to start and expand small businesses. The beneficiaries completed training in entrepreneurship, financial management, accountability and leadership. Emgwen MP Josses Lelmengit urged the groups to invest the funds responsibly and build sustainable enterprises. Twenty one community groups in Emgwen Constituency have received Ksh2.8 million…

Support Vision 2060 fully, Meru economist tells Kenyans

Sacco ReviewAugust 13, 2026August 13, 202606 mins

An economist and opinion leader from Meru has urged Kenyans to back Vision 2060 fully, saying the plan is viable and aligns with the African Union’s Agenda 2063. Erick Mutwiri said President William Ruto’s recent launch of the vision was a welcome move by the national government, meant to place Kenya at par with its…

Tower Sacco launches mobile app for iOS users

Sacco ReviewAugust 13, 202602 mins

Tower Sacco has launched Tower SACCO App for iOS users, which is now available for download on the App Store, giving members convenient access to their accounts wherever they are. The Tower App allows users to check their FOSA balance for free, with the figure displayed instantly at the top of the app. Members can…